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China and Botswana are highly complementary in their economy and have great potential for mutually beneficial cooperation, the envoy said. Botswana is rich in mineral resources and China is the second largest consumer of Botswana's diamonds.

Lowering tariffs to an appropriate level can promote balanced development of foreign trade and opening-up, the commission said.

Also at the JCIC meeting, relevant ministries on both sides reported the progress of bilateral cooperation in such fields as science and technology, trade, agriculture, health care and transportation, and laid out their plans and proposals on future collaboration.

The number accounts for 19 percent of the total taxable items. After the adjustment, China's overall tariff rate will stay at 7.5 percent, down from 9.8 percent last year.

On the Korean Peninsula issue, Li said that achieving lasting peace and denuclearization of the Peninsula accords with the trend of the times and the aspiration of the people.